Foxes cleaning up the hen house of economic collapse

November 11, 2008|Milton Blau, Delray Beach

During the recent congressional hearings on the bailout, we witnessed the faces of Rep Barney Frank, chairman of the Finance Committee, and fellow Democratic Sen. Christopher Dodd. Rep. Frank told us in July, as chairman responsible for overseeing Fannie Mae and Freddie Mac, that both were basically sound. They both now sit on the committee to resolve the mess. It is like sending the fox in to clean up the mess in the hen house. Will they be removed from the committee for ineptness? No. Unfortunately, the voters, the very people whose 401(k) and investments are now worth half what they were, will vote again to put them in office.